Alberta and B.C. to review pension standards

First major reviews in more than a decade
By Sarah Dobson
||Last Updated: 01/15/2008

Alberta and British Columbia will collaborate on a comprehensive review of pension standards to ensure pension plans continue to benefit workers, employers and investors.

A six-member panel will review Alberta’s Employment Pension Plans Act and B.C.’s Pension Benefits Standards Act. The joint review is the first of its kind since the respective acts came into force 20 years ago in Alberta and 15 years ago in B.C.

"To attract and retain workers, as well as business, we must ensure that Albertans and British Columbians are confident about their pension plans," said Alberta Finance Minister Lyle Oberg.